STORY OF THE WEEK
Colliers predicts 50% surge in global property investment

Story of the week

20
Jan
2021

Colliers predicts 50% surge in global property investment

by Property Forum
Globally, there is set to be a 50% surge in investment into commercial real estate in the second half of the year, predicts Colliers International in its new Global Capital Markets 2021 Investor Outlook paper. In EMEA, the momentum continues in the industrial and logistics and living sectors which are less dependent on economic growth. Investors are also particularly interested in core office stock, albeit selectively, with some 32 per cent of respondents looking to invest in the sector.
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Office

21
Jan
2021

Budapest office market vacancy rate increases again

by Property Forum
Total demand on the Budapest office market reached 86,310 sqm in Q4 2020, representing a 57% decrease year-on-year. The vacancy rate has increased to 9.1%, representing an increase of 1.0 p.p. quarter-on-quarter, according to BRF’s latest figures.
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Wing completes office revitalisation project in Budapest Helaba is financing the acquisition of LIXA in Warsaw Skanska signs largest ever office lease in Poznań

Industrial

21
Jan
2021

Budapest’s logistics market closes another strong year

by Property Forum
Total leasing activity throughout 2020 on the Budapest industrial/logistics market amounted to 537,900 sqm, marking a 29% increase from the previous year and the second-highest annual volume on record. The Budapest Research Forum published its quarterly industrial/logistics market analysis.
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Panattoni to build 45,000 sqm in Swarzędz near Poznań Fortress REIT to enter Romania's logistics market Europe’s logistics market to grow by 14% in 2021

Investment

21
Jan
2021

Savills IM transacted over €2.5 billion in 2020

by Property Forum
Savills Investment Management (Savills IM) transacted more than €2.5 billion globally in 2020, including c. €2.1 billion in Europe and c. €2457 million in Asia. Globally, transactions included nearly €1.7 billion of acquisitions and €833 million of disposals, resulting in a net investment of €842 million. The firm now manages approximately €21.2 billion (over USD 25 billion) in assets under management (AuM), a company record.
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Brama Portowa office building in Szczecin sold JLL brokers sale of Czech medical production facility Investment volume in Romania up to €914 million in 2020

Report

21
Jan
2021

36% of Romanian employees plan to return to the office in 2021

by Property Forum
More than a third (36.5%) of Romanian employees believe that the entire team within the company they are working for will return to the office this year, a recent survey initiated by Genesis Property shows. 
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Colliers predictions for the Romanian market in 2021 PRS in Poland seems to be pandemic-proof Asian investors dominated Slovakia’s investment market in 2020

Retail

18
Jan
2021

Retail parks continue to grow in turbulent times

by Property Forum
The COVID-19 pandemic has left hardly any business or industry untouched and retail real estate industry has also been affected. The last twelve months were marked by three lockdowns that helped change the shopping habits of Poles, lower developer activity, and increase the popularity of smaller retail formats, JLL analysts say.
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New retail brands continue to enter the Czech market COVID-19 has accelerated foodservice trends Crestyl to issue bonds to finance Prague mixed-use project

Career

18
Jan
2021

CPI sells stake in Czech FM business to M2C

by Property Forum
CPI Property Group has sold part of its Czech facility management business to M2C, which provides security, maintenance and cleaning services. Employees from the existing facility management division will be transferred to M2C.
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Globalworth appoints Marian Popa as MD for Romania 7R strengthens its investment team Property Forum is looking for a CZ/SK editor

Interview

18
Jan
2021

Trei Real Estate plans further expansion in CEE despite tightening financing conditions

by Ákos Budai
For Germany-based real estate investor and developer Trei Real Estate, 2020 was a successful year thanks to the fact its portfolio mostly includes assets that were hardly affected by the pandemic. Pepijn Morshuis, CEO of Trei Real Estate talked to Property Forum about the experiences gained during 2020, changing financing conditions and the company’s plans for 2021.
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Prologis bets on last mile warehouses and automation solutions Ghelamco focuses on business fluency and makes new long-term plans GTC looks for new investment opportunities despite COVID-19’s impacts

Residential

18
Jan
2021

Opus Land to invest €29 million in Bucharest

by Property Forum
Opus Land continues to invest in Cosmopolis, a residential project near Bucharest, where construction work was started in 2007. €22 million will be allocated for the construction of 500 new homes and €7 million are for increasing the commercial area of the strip mall, SVN Romania, the exclusive agent of the project, announced.
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CEE continues to record strong house price growth Belgrade Waterfront progresses with two more resi buildings A record year also for Cavatina Capital Group

Economy

14
Jan
2021

CEE economies to grow robustly in 2021 and beyond

by Property Forum
The stable 2021 outlook for sovereigns in Central and Eastern Europe (CEE) reflects their robust economic growth prospects and strengthened ability to carry and reduce debt, which make their credit profiles resilient to the sharp deterioration of their public finances in 2020, Moody's Investors Service said in a report published today. Ageing populations and structural economic change will remain longer-term challenges for the region.
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CEE manufacturing PMIs show stalled recovery at the end of Q3 2020 Hungary to create flexible home office regulations Austrian PMI sinks to record low

Hotel

22
Dec
2021

Hoteliers in Romania try their best to survive COVID-19

by Property Forum
A survey prepared by Cushman & Wakefield in partnership with FIHR, targeting Romanian hoteliers, was launched in November 2020 to understand the impact of COVID-19 on the Romanian hotel industry and their perspectives on the outlook of this sector. This survey is the second instalment after a previous questionnaire that was launched in April 2020. The intention is to gain the appropriate attention and appeal to authorities for more meaningful and targeted support towards our hospitality sector. Cushman & Wakefield and FIHR remain committed to ensuring that the industry receives appropriate support by collecting and analysing available data and appealing to authorities.
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Delta to invest €130 million in Belgrade mixed-use project Budapest hotels face more challenges due to COVID-19 Ott Ventures launches €500 million CEE hotel fund

New leases

  • COS – Corporate Office Solutions Romania leased 4,000 sqm in Miro Office Bucharest, developed by Speedwell. A co-working space will be organised in the newly rented space.
  • 108 Agency Slovakia has secured the lease of 510 sqm for our client Goldman Systems. Their new premises will take place in River Park Bratislava.
  • 108 Agency has mediated a 9,000 sqm lease extension for global logistics company Expeditors at SEGRO Logistics Park Prague.

New appointments

  • Michał Baranowski joined the tenant representation team at the Office Agency of BNP Paribas Real Estate Poland. Michał has over 15 years of experience working for some of the largest Polish and international office furniture manufacturers.
  • Alexander Rafajlovič has joined CA Immo as Head of Market Research & Data Analytics. Based in Prague, he and his team will be responsible for coordinating, structuring, and analyzing all macro and market-related data across the region, as well as tracking, analysing and interpreting trends affecting CA Immo’s business, both for future investment and development opportunities, as well as the existing portfolio. He previously worked as Partner in Cushman & Wakefield’s CEE Capital Markets team.
  • Tomasz Czuba has joined the Management Board of JLL Poland and has been appointed Head of Office Agency and Tenant Representation.

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